| Borrower |
|
Who wants to borrow the money? |
| Amount |
|
How much do you need to borrow? |
| Broker |
|
Name and contact information of any broker involved. |
| Collateral |
|
What are you offering as collateral for the loan? |
| Location |
|
Where is
this collateral? |
| Description |
|
Describe
the collateral, its condition, and how it is being used at present. |
| Borrower |
|
Purchase
price, Market value and Quick-sale value of the collateral. |
| Existing Debt |
|
Details
of any existing mortgages on the collateral, delinquent taxes, etc. |
| Environmental |
|
Do you have
environmental survey of the collateral? |
| Use of Proceeds |
|
How do you
plan to use the loan proceeds? |
| Borrower |
|
How do you plan to pay back the principal, and when? |